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SXNTF (Sixty North Gold Mining) Debt-to-EBITDA : 0.00 (As of Jul. 2024)


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What is Sixty North Gold Mining Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Sixty North Gold Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Sixty North Gold Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Sixty North Gold Mining's annualized EBITDA for the quarter that ended in Jul. 2024 was $-0.98 Mil. Sixty North Gold Mining's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 was 0.00.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Sixty North Gold Mining's Debt-to-EBITDA or its related term are showing as below:

SXNTF's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 1.76
* Ranked among companies with meaningful Debt-to-EBITDA only.

Sixty North Gold Mining Debt-to-EBITDA Historical Data

The historical data trend for Sixty North Gold Mining's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sixty North Gold Mining Debt-to-EBITDA Chart

Sixty North Gold Mining Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
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Sixty North Gold Mining Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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Competitive Comparison of Sixty North Gold Mining's Debt-to-EBITDA

For the Gold subindustry, Sixty North Gold Mining's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sixty North Gold Mining's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sixty North Gold Mining's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Sixty North Gold Mining's Debt-to-EBITDA falls into.



Sixty North Gold Mining Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Sixty North Gold Mining's Debt-to-EBITDA for the fiscal year that ended in Oct. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -0.857
=0.00

Sixty North Gold Mining's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -0.976
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jul. 2024) EBITDA data.


Sixty North Gold Mining  (OTCPK:SXNTF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Sixty North Gold Mining Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Sixty North Gold Mining's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Sixty North Gold Mining Business Description

Traded in Other Exchanges
Address
1909 - 108 West Cordova Street, Vancouver, BC, CAN, V6B 0G5
Sixty North Gold Mining Ltd is engaged in the acquisition and exploration of mineral property assets. The company entered into a mineral property earn-in agreement with New Discovery Mines. The projects of the company include Mon Gold Property and Hangstone Property.

Sixty North Gold Mining Headlines

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